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Dow Jones 30 Index (DJI)

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Short DOW: Keep SL of today's highDow had almost done 0.618 Fsbonacci level, Today's low is 32655,where as Fabonacci level is 32500. As said 0.618 Fabonacci levels is a very strong level, Dow can reverse from here up to 0.368. Last five days Dow is making steep lower low and lower high. (Red line). Today is fifth day Dow is continuing with lower low lower high. No5 also denotes Fabonacci No. It is always good to be coutious from here onwards. Any break above red line Dow can change its trend atleast for short term. So keep trailing SL above Red line and continue short position. Any time if Dow close above yellow line running up from 31388, will confirm Dow's up trend and shorts need to be covered that point if not covered above red line.
TVC:DJIShort
by Trendz9
Sell Dow Previous analysis it was said that Dow had given up 20DMA support and trading below triangle pattern. It was guessed Dow will start its downward journey. But it didn't happen and today Dow recovered all its losses and is again trading at 33400l level. But if we see carefully Dow is making lower high. Yellow trend line is running down from 34287, 34792 and today 33455. Distance from 34287 to 33792 to 33455 is 450 pts and 350 pts. which is appx retracement of 50% and 42% near to(0.380) Fibonacci level. So what ever bounce back was to happen is happening today itself. This bounce can be taken as continuation pattern unless 50DMA is not taken away on upper side and the second lower high of 33792 is taken out , MACD remains below signal line, till then Dow will remain short candidate.
TVC:DJIShort
by Trendz9
SELL DOWToday Dow had finally given up 20 day EMA support . Not only it had given up 20DEMA but also completed inverted triangle pattern and now is trading below it. MACD also came below zero line which is comfortable signal for short sellers. If Dow remains below this support and triangle pattern then Dow is looking at 32K. Industrial production YOY for April was revised from 53 to 0.07. May Industrial production is also low at 0.24. Hence Economic conditions too are favoring Short Sellers. Conclusion go short after yesterdays wait and watch.
TVC:DJIShort
by Trendz9
Last man still standingIf we see Dow Jones movement carefully then we come to know 1. Dow had retraced from lower high trend line on 10th May. Unfortunately 50 dema is also placed near lower high trend line at 13772. This area of lower high trend line and 50dema will make traders to sweat cross above. On down side 33150 is 20 day Ema support where last man is still standing from last 3 days. Overall Dow Jones is slipping in narrow range, which can be broken on down or up as news of manufacturing activities is out tomorrow. Also news of debt celling will affect but temporary. So be ready for seesaw.
TVC:DJIShort
by Trendz9
Dow JonesFor the SO MANY of YOU who think we are in a BEAR MARKET.................... Yes........... we will get our whipsaws @ OS/OB conditions..... but get ready to be SURPRISED................. In FACT the Surprise should have been at 16800.....when I said..... GO LONG for ATH. Yes.... In between my instincts get the better of Me and instead of reminding you all of the Larger Picture.... I do tend to get carried away and initiate Shorts..... like I did yesterday. Mr PARASURAM is witness to that as he was online with Me. I shared all the levels with him as I traded. Let me remind you all............ we are in a SECULAR BULL MARKET..... I am a firm believer of this. It is time to invest into LAGGARDS............ especially PENNY/FORGOTTEN stocks. BCG is a typical example of this. I had told TV 1234 time and over again to invest into it at thr Lower Circuit of 9/40 paisa........... its UP 50+% since..... there are soooo many others which you all can invest into.. Small/ Penny caps are the LAST to RUN..... but when they do.... BOY OH BOY !!!!!!!!!!!!! Its more like Catch Me if you Can. Have the Courage..... you all have weathered the Storm... so what are you guys afraid of ??????
DJ:DJI
by deepgups
EXTRAORDINARY MOVE | LIFE TIME OPPRTUNITY | DOW JOHNES | SHORTHello All, I am sharing my view of what could be the next move from Monday 1st may 2023, it gives implication that we have finished wave B of a cycle and going to see wave C & complete the wave Z.. the last leg upside acceleration of smaller degree wave C is a good indication of end of a wave and it implies that shorts are wiped out of the system .. Now during last few weeks or you can say since this fall started, we have been seen & taught by the Market to buy on dips which is very well evidence in the charts itself, but people need to understand when and at what point should we buy again i.e at what point shd we use buy the dips, the last 1000 points momentum was so quick happened in 2 days that most of the world is in bullish tone and major shorts got out, its a phycology that every one will wait for some correction to happen and then take shorts again but this time the dip will be too sharp and deep that hardly public would be able to take any short positions at such lower levels... yes its a phycological game too !! FOMO may make u take wrong trades too .. the Vix is at low point 14.26 close after a long time , world in bullish momentum and shorts out of the system, Rsi showing negative divergence, all these are good indicator of the last leg fall which will finish off everyone this time on long side .. This is "Market" , a Human god after the GOD !! Terms & conditions : * this is a personal view and published for educational purpose only, * Strictly Don't trade seeing this post * Healthy discussion is appreciated, no abuse please .. Likes are need of the hour !!
UShort
by VishalSancheti